While acknowledging short-term bearish trends, McCann remains optimistic about Q1 as a seasonally profitable period, driven by a combination of macroeconomic factors and crypto-specific catalysts.

"We think its fair to consider Q1 as the low point of 2025," Chery added. Ahead of the call, analysts had said investors were nervous about when the bottom of the cycle would be reached.

Crypto trader Joe McCann expects Q1 2025 to be structurally bullish, with Bitcoin potentially reaching $150,000. Capriole Investments' Charles Edwards warns of possible 20-40% corrections ...